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Blackstone, Gaw Capital mull bids for Ascendas Hospitality Trust

Published Thu, Jan 7, 2016 · 09:50 PM
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Singapore

PRIVATE equity investors Blackstone Group LP and Gaw Capital Partners are weighing separate bids for Singapore's Ascendas Hospitality Trust, people familiar with the matter said, eyeing a target with a market value of US$600 million.

The potential offers are being considered as bankers say that falling market valuations and higher interest rate expectations are set to stoke prospects for mergers and acquisitions …

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